Users are now able to reimagine finance with the SAP S/4HANA Finance solution (formerly SAP Simple Finance). This ERP financial software runs on the in-memory platform of SAP HANA, and supports financial planning and accounting, among others. Almost all verticals are familiar with SAP S/4 HANA Finance. And therefore, the pay scale of SAP S/4 HANA experts is around $100,000.
This free introduction to SAP HANA finance tutorial will provide you with the necessary experience in SAP HANA basics, Pathway to S4 HANA, Features & Architecture of S4 HANA, General ledger accounting, Account types, Managing ledgers in SAP, Reporting options, Management accounting in S/4 HANA Finance, Integrating Business Planning for Finance and Migration to S/4 HANA Finance.
In the present time, SAP HANA finance can be used widely in multiple use cases like S/4HANA deployment option, with the unifying feature being one or more legacy ERP’s that will transfer financial data to Central Finance, statutory reporting and transition to regional template.
Replacing the responsibility of data maintenance on the traditional systems, it simplifies administrator’s tasks in the digital platforms. The in-memory data support in SAP HANA supports smoother processing of data transactions with fault-tolerance analysis. With SAP HANA, you can perform simple data operations on a unified cloud platform.
Here we have the list of topics if you want to jump right into a specific one:
In the present time, SAP HANA can be used widely in multiple use cases database management and solutions including big data processing and implementing business warehousing processes. It has received an excellent rating from analysts for its in-memory computing engine on huge volumes of data and deploy real-world projects. It offers an advanced relational database product with high-performance analytic system, HANA.
This tutorial is designed with a similar perspective facilitating a large number of business groups and IT organizations to create gen-next digital applications and perform real-time analytics in the SAP HANA for gaining efficient business results.
Intellipaat’s SAP HANA finance tutorial is a complete learning package that lists its top features and help you know better about SAP HANA processes and performance. The best of all- each and every topic is comprehensively illustrated using real-world and day-to-day business operation examples. You can even take quick and appropriate business decisions by implementing the techniques of SAP HANA in your database and business warehousing projects, ensuring overall growth of your organization.
SAP is an acronym for System Application Products in Data Processing. It is a system that provided users with a soft real-time business application that could be used in multiple currencies and languages. SAP solutions include a number of functional modules, which support transactions to execute key business processes.
SAP is especially well-known for its Enterprise Resource Planning (ERP) and data management programs. It has evolved to replace all company spreadsheets with a single user accounting package within the business management system of the particular firm. SAP is also known for developing Graphical User Interface or GUI.
There are no prerequisites for taking this training course. A basic knowledge of financial management and business processes is beneficial.
Generally SAP applications data is stored at a database level and the corresponding calculations are performed. The appropriate results are displayed at the application layer. The major part of the query processing time involves aggregations. The best application performance are provided by SAP HANA by forwarding the execution into the database. The corresponding data is stored in Read More
SAP Simple Finance Powered by SAP HANA helps to cut cost and time to manage finance and accounting processes. In the earlier version of SAP Finance Accounting tool, most of the components were separately managed due to various technical restrictions without the presence of HANA platform. SAP HANA Finance Tutorial Video : [videothumb class="col-md-12" id="mJfC4AJ1ptw" alt="SAP Read More
SAP’s three transition scenarios for SAP S/4 HANA are - New implementation System conversion Landscape transformation Situation 1: New Implementation This is another usage of SAP S/4HANA (green field): clients who are moving from a non-SAP legacy framework or from a SAP ERP framework and executing a crisp framework that requires an underlying data Read More
G/L account master records is a function of the account. G/L account master records control transactions and account posting. General Ledger Accounts (GL) in SAP are partitioned into two sections - Outline of Account Section Organization Codes Section. GL is made at first for Chart of Account area and further extension is done to various Read More
Before you can begin working with the elements of General Ledger Accounting, you have to make the general settings for Accounting. You additionally need to arrange the records you use in General Ledger Accounting. Expanding on this information, you set up the combination with Controlling (CO) and, where appropriate, your parallel bookkeeping. Process Flow Make Read More
Management accounting has two different modules known as - Controlling Enterprise Controlling modules. Financial Accounting majorly deals with G/L Account Master like Chart of Account, Company Code etc.. whereas the Management Accounting consists of Cost Elements under Controlling Area. Watch this Management Accounting video [videothumb class="col-md-12" id="MWBprANWCxc" alt="What is Management Accounting" title="What is Read More
SAP Integrated Business Planning is a cutting edge planning application, controlled by SAP HANA that which enables organizations to draw partners over the association in an integrated planning process that adjusts their business to most profitability to take care of future demand. IBP is a cycle of planning activities and reviews that enables businesses Read More
Are you looking for a powerful SAP application to manage your business? If yes, then you must take SAP HANA finance into your consideration. This SAP HANA finance cheat sheet is designed for the one who has already started learning about the customization and development using SAP HANA finance, then this sheet will be Read More
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